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30-07-2025
WASHINGTON: United States President Donald Trump has denied seeking a summit with Chinese President Xi Jinping while holding out the possibility of visiting China at his counterpart’s invitation.
“The Fake News is reporting that I am SEEKING a ‘Summit’ with President Xi of China. This is not correct, I am not SEEKING anything!” Trump said in a post on his Truth Social platform on Monday.
“I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest! Thank you for your attention to this matter.”
Trump’s comments come after the Reuters news agency reported last week that aides to the two leaders have discussed a possible summit during a trip to Asia by the US president later this year.
The report, which cited unnamed people familiar with the plans, said Trump and Xi could possibly meet on the sidelines of the Asia-Pacific Economic Cooperation summit taking place in South Korea from October 30 to November 1.
Trump and Xi last met face-to-face in 2019 on the sidelines of the G20 summit in Osaka, Japan.
The US and China are currently engaged in negotiations aimed at lowering trade tensions that have spiked since Trump rolled out his on-again, off-again tariffs on Chinese exports.
On Monday, US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng met in Stockholm, Sweden, to kick off two days of talks focused on reaching a trade deal before the end of a 90-day tariff truce that ends on August 12.
Bessent said in an interview with Bloomberg Television last week that the administration was in “a very good place with China now” and the August deadline could be extended in a “90-day increment”.
Earlier, as United States President Donald Trump blasts his way through tariff announcements, one thing is clear, experts say: Some level of duties is here to stay.
In the past few weeks, Trump has announced a string of deals with the European Union, Japan, Indonesia, Vietnam and the Philippines with tariffs ranging from 15 percent to 20 percent. He has also threatened Brazil with a 50 percent tariff, unveiled duties of 30 percent and 35 percent for major trading partners Mexico and Canada, and indicated that deals with China and India are close.
How many of Trump’s tariff rates will shake out is anybody’s guess, but one thing is clear, according to Vina Nadjibulla, vice president of research and strategy at the Asia Pacific Foundation of Canada: “No one is getting zero tariffs. There’s no going back.”
Trump’s various announcements have spelled months of chaos for industry, leaving businesses in limbo and forcing them to pause investment and hiring decisions.
The World Bank has slashed its growth forecasts for nearly 70 percent of economies including the US, China and Europe, and six emerging market regions and cut its global growth estimate to 2.3 percent, down from 2.7 percent in January.
Oxford Economics has forecast a shallow recession in capital spending in the Group of Seven (G7) countries, Canada, France, Germany, Italy, Japan, the United Kingdom and the US, lasting from the second quarter to the third quarter of this year.
“What we’re seeing is the Donald Trump business style: There’s lots of commotion, lots of claim, lots of activity and lots of b*******,” Robert Rogowsky, professor of international trade at the Middlebury Institute of International Studies, told media.
“That’s his business model, and that’s how he operates. That’s why he’s driven so many of his businesses into bankruptcy. It’s not strategic or tactical. It’s instinctive.” (Int’l Monitoring Desk)
